Gottschalks keeps an eye on Mervyn's and Kohl's
May 26, 2004,
FRESNO, Calif. — Regional department store Gottschalks, with over 70 stores in six Western states, is holding its own against tough competition from Kohl's, while keeping a close eye on the fate of another competitor, Mervyn's, the company stated during its first quarter conference call late yesterday.
Target Corp.'s Mervyn's, along with Marshall Field's, is up for sale, but a buyer has yet to be announced.
"We are interested in some of their locations," said Jim Famalette, CEO. "It would allow us to get into some markets where no opportunity currently exists because of no-growth policies."
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